Mars Inc. is an American manufacturer of confectionery, food, and pet care products. It was founded in 1911 and is headquartered in McLean, Virginia.
According to reports, Mars has announced plans to acquire Kellanova for approximately $36 billion USD. Mars will pay $83.50 per share in an all-cash deal for Kellanova.
The report further mentions that this deal is part of Mars’ strategy to expand its portfolio of healthier snack options and to meet the growing demand for on-the-go snack choices.
Kellanova, formerly known as Kellogg Company, is an American multinational food manufacturing company headquartered in Chicago, Illinois. Kellanova houses popular brands like Pringles, Cheez-It, Eggo Waffles, and MorningStar Farms.
